NOT LISTED FOR SALE

409 E Morehead St Burlington, NC 27215

Downtown Burlington Neighborhood

Estimated Value: $201,000 - $288,730

5 Beds
2 Baths
3,384 Sq Ft
$71/Sq Ft Est. Value

Last Sold December 29, 2014

Last sale price $83,010 $25 Per Sq Ft

Est. 191% increase in value since last sale

Current estimated payment $1,328/month

639 Days on Market

Highlights

  • 0.55 Acre Lot
  • Detached Garage
  • Hot Water Heating System
  • Wood Flooring
  • Cooling Available
  • Rectangular Lot

About This Home

As of December 2014

This Home Has Been Used As A Borading House For The Past Few Years. Presently Has 3 Tenants Renting For $95/Week. Seller Says She Had As Many As 7 Tenants At One Time. Large Front Porch, Partially Fenced Backyard - Irregular Shape Lot. See Survey Map. There Is A 16X21 And 12X21 Storage Area Under Basement.

Last Agent to Sell the Property

Frances Fields

David Massey Real Estate License #40065 Listed on: 02/28/2013

Last Buyer's Agent

Mary Holly Morris

Keller Williams Central

Home Details

Home Type

  • Single Family

Year Built

  • 1910

Lot Details

  • 0.55 Acre Lot
  • Lot Dimensions are 99.14x404x29.56x185x70.2
  • Rectangular Lot

Parking

  • Detached Garage

Home Design

  • Aluminum Siding

Interior Spaces

  • 2-Story Property
  • Electric Range
  • Dryer

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Full Bathrooms

Utilities

  • Cooling Available
  • Heating System Uses Gas
  • Hot Water Heating System
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 8875018354

Home Details

Home Type

Single Family

Year Built

1910

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.55
  • Lot Size: 99.14x404x29.56x185x70.2
  • Directions: Traveling From Chapel Hill Rd Toward Webb Ave. Take A Left On Morehead St, Property Is Located Directly Behind The Burlington Post Office.
  • Unit Levels: Two
  • Building Stories: 2
  • Year Built: 1910
  • Property Sub Type Additional: Single Family Residence
  • Special Features: None
  • Stories: 2

Interior Features

  • Appliances: Dryer, Electric Range, Washer
  • Has Basement: Partial
  • Basement YN: No
  • Full Bathrooms: 2
  • Total Bedrooms: 5
  • Fireplace: No
  • Flooring: Carpet, Vinyl, Wood

Exterior Features

  • Lot Features: Rectangular Lot
  • Construction Type: Aluminum Siding

Garage/Parking

  • Parking Features: Detached, Paved

Utilities

  • Cooling: Wall/Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Gas, Hot Water
  • Heating Yn: Yes
  • Utilities: Cable Available

Lot Info

  • Parcel #: 8875018354
  • Zoning Description: -

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 28, 2013
Closed on
Dec 22, 2014
Sold by
Miles Ronald L
Bought by
Fromm Michael T
Seller's Agent
Frances Fields
David Massey Real Estate
Buyer's Agent
Mary Holly Morris
Keller Williams Central
List Price
$115,000
Sold Price
$83,010
Premium/Discount to List
-$31,990
-27.82%
Current Estimated Value
$241,683

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$158,673
Avg. Annual Appreciation
10.20%
Original Mortgage
$81,505
Outstanding Balance
$63,183
Interest Rate
4.25%
Mortgage Type
FHA
Estimated Equity
$178,500

Purchase Details

Closed on
Oct 29, 1992
Bought by
Miles Ronald L and Miles Marian
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Fromm Michael T $84,000 --
Miles Ronald L $83,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fromm Michael T $81,505
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/29/2014 12/29/14 Sold $83,010 -27.8% $25 / Sq Ft
11/29/2014 11/29/14 Pending -- -- --
02/28/2013 02/28/13 For Sale $115,000 -- $34 / Sq Ft
Source: Alamance Multiple Listing Service

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $732 $148,107 $17,000 $131,107
2024 $695 $148,107 $17,000 $131,107
2023 $1,347 $148,107 $17,000 $131,107
2022 $1,049 $84,495 $15,000 $69,495
2021 $1,057 $84,495 $15,000 $69,495
2020 $1,065 $84,495 $15,000 $69,495
2019 $1,068 $84,495 $15,000 $69,495
2018 $502 $84,495 $15,000 $69,495
2017 $995 $84,495 $15,000 $69,495
2016 $1,643 $141,640 $15,000 $126,640
2015 $817 $141,640 $15,000 $126,640
2014 $747 $141,640 $15,000 $126,640
Source: Public Records

Agents Affiliated with this Home

  • F

    Seller's Agent in 2014

    Frances Fields

    David Massey Real Estate

  • M

    Buyer's Agent in 2014

    Mary Holly Morris

    Keller Williams Central

See All Agents

Map

Source: Alamance Multiple Listing Service

MLS Number: 78641

APN: 135500

North Carolina Alamance County Burlington 27215 Downtown Burlington

409 E Morehead St, Burlington, NC

Not Listed for Sale

Detached

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